June 28, 2021 @ 4:37pm
KUALA LUMPUR: Credit reporting agency CTOS Data Systems Sdn Bhd is offering free MyCTOS reports together with Central Credit Reference Information System (CCRIS) data for consumers as part of a nationwide financial empowerment campaign.

In a statement today, it said the free service would encourage more people to take the first step towards managing their financial health.

It added that there has been a 52 per cent increase in consumers accessing CTOS credit reports over the past 12 months, and a recent survey showed that 57 per cent of consumers checked their credit due to financial issues caused by the pandemic.

Chief executive officer Eric Chin said Covid-19 and its uncertainties have highlighted the urgent need for Malaysians to get on top of their financial health.
"However, based on our data, only around 1.3 million out of the approximately 15 million working population in Malaysia perform self-checks to access and manage their personal credit information," he said.

He said CTOS aims to empower as many people as possible with the right tools and knowledge to make good financial decisions, especially in the current challenging times when it matters most.

According to the agency, the report contains detailed information about a person's debt, account histories for credit cards and loans such as payment history, including any late payments, credit limits or loan amounts, account balances and credit enquiries.

"Legal cases and bankruptcies are also listed in a separate section of the credit report as well as directorships and business interests," it said.

The free MyCTOS report with CCRIS campaign is available through www.ctoscredit.com.my as part of the CTOSCARES initiative until July 31, 2021. -- Bernama

Source: https://www.nst.com.my/news/nation/2021/06/703054/ctos-offers-free-credit-report-ccris-consumers